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Economic Torture Incoming With David Stockman

Lead-Lag Live

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The Five Twelfth Elephant in the Room

The Fed has been buying $120 billion a month worth of bonds to TSEs and keeping interest rates targeting at practically zero in nominal terms. The inflation rate is still running, I insist, 6% or 7%. They can pick and choose and find some so-called super core as DPI and it's almost everything. But if you take the 15% trim mean, which every month drops out the high and low, you have a smooth measure of where the inflation trend is running.

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